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Current File : /home/smfitchpatrick/carpay.cpp
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#include <iostream>
#include <iomanip>	// 

using namespace std;

int main()
{
	float bal, pmt, i;
	int k; 	
	int n;	

	pmt = 165.25;
	i = 0.09/12.0;
	n = 36;

	cout << fixed << showpoint << setprecision(2);

	// output ....
	cout << "Monthly payment:\t$" << pmt << "\n";
	cout << "Annual Interest:\t" << i*12*100 << "%\n";
	cout << "Number of payments:\t" << n << "\n"; 

	// computing for 1st payment

	k = 1;
	bal = pmt * ((1 - pow(1 + i, k - n)) / i);
	cout << "\nBalance after " << k << " payment(s) is: $" << bal << "\n";

	k = 2;
	bal = pmt * ((1 - pow(1 + i, k - n)) / i);
        cout << "Balance after " << k << " payment(s) is: $" << bal << "\n";

	k = 3;
	bal = pmt * ((1 - pow(1 + i, k - n)) / i);
        cout << "Balance after " << k << " payment(s) is: $" << bal << "\n";
	
	k = 4;
        bal = pmt * ((1 - pow(1 + i, k - n)) / i);
        cout << "Balance after " << k << " payment(s) is: $" << bal << "\n";


	return 0;
}


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